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← Mimbre Limited

2024-03-31-accounts

REGISTERED COMPANY NUMBER: 06550042 (England and Wales) REGISTERED CHARITY NUMBER: 1153310

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR MIMBRE LIMITED

Galloways Accounting Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE

Doc ID: 753e37e437e72d7aa4d6bc10c7dfb8ef356b8df5

MIMBRE LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Page
Report of the Trustees 1 to 17
Independent Examiner's Report 18
Statement of Financial Activities 19
Balance Sheet 20
Notes to the Financial Statements 21 to 27
Detailed Statement of Financial Activities 28 to 29

Doc ID: 753e37e437e72d7aa4d6bc10c7dfb8ef356b8df5

MIMBRE LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

Photos by: Framestore, HeardinLondon, Arthur Le Fol and the Mimbre team

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Summary

Mimbre had a very successful year from April 2023 to March 2024 restaging and touring two successful shows nationally and internationally, taking part in several exciting, cross-artform artistic collaborations, co-producing a series of short-film reaching over 125,000 online audiences and running an impressive youth programme and artist development programme. All of this despite working against a backdrop of reduced funding and a difficult arts landscape.

“What I have noticed about Mimbre, is that as a company you’ve made a big effort to create safe and inclusive spaces, meaning you now have a community of diverse performers and participants. I’ve consistently heard positive comments about how you work and treat your performers” - freelancer

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Highlights of the year include:

We would like to thank our funders and supporters Arts Council England, Wilmcote Charitrust, the Rank Foundation, Chapman Charitable Trust, Ford Britain Trust, Tesco Stronger Starts and all our youth programme donors.

Over the year the organisation’s income was £212,431 (2022/2023: £240,571) and total expenditure was £239,026 (2022/2023: £256,231). Mimbre spent some of our reserves on artistic projects, leaving us with £72,267 (2022/2023: £98,862), which is still well in excess of our operational reserve level of £35,000.

Looking forward to 2024/2025, both Lifted and Look Mum, No Hands! have toured again, with new show Weight(less) thrilling audiences up and down the country.

"I felt emotional. I read the story as people needing help, receiving help and sharing burdens with a good outcome. I left feeling lighter and brighter and peaceful which we all need in our lives." - audience member

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

About Mimbre

Mimbre are a female-led producing company, creating acrobatic theatre for outdoor and unusual settings, touring nationally and internationally, with a strong digital presence. We collaborate across the Creative Industries, as consultants and creators. We run a vibrant local youth programme and an Artist Development Programme for physical performers.

We use circus and movement innovatively as a physical language to illuminate human connections. We pull down barriers to reach beyond social, financial, and cultural boundaries and facilitate everyone’s place within the arts. In all our work we challenge gender stereotypes and promote a positive, diverse, and inclusive image of cis and trans women as well as non-binary people.

We make at least two productions each year, including at least one tour, typically reaching around 20,000 live audiences. In the last five years, our digital reach has been 3.5M.

Our youth programme, Mimbre Youth, is rooted in the communities of our local borough of Hackney. It includes classes, community days, performance projects and progress routes. It is a place where young people can express themselves creatively, gain confidence and work as a team. Mimbre Youth focuses on access, inclusion and excellence, and pulls down barriers to enable every child to thrive, regardless of means or abilities.

Our Artist Development Programme advances circus and leadership through professional development initiatives, artistic research and knowledge sharing. We focus on mid-career performers, women, non-binary artists and those from under-represented backgrounds.

A collaborative approach permeates all aspects of our work, from our company structure to our relationship with our performers, audiences and participants. Working with a wide variety of artists, technical innovators and educators, across art forms and borders allows us to continuously enhance our artistic vocabulary and create bold, challenging and highly skilled work.

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

OBJECTIVES AND ACTIVITIES Activities and Achievements Productions and touring

We toured two existing shows, Lifted and Look Mum, No Hands! during the summer of 2023, while also beginning the creation of our new touring three-hander, Weight(less) through a series of Research and Development periods and audience engagements.

Look Mum, No Hands!:

Look Mum, No Hands! is a tender tale of friendship and growing up. It explores a coming-of-age story about two friends testing their own boundaries. Together they explore freedom, taking risks and independence. They see how those things change, depending on who you are.

Risk is a sliding scale. What seems risky to you might feel comfortable to someone else. Yet every day we take small risks that help us to grow, until – one day – the things we once thought were risky now feel like the norm. Look Mum, No Hands! playfully explores ideas of vulnerability, strength and independence, with striking physical imagery that will linger in people’s minds.

The production takes creative advantage of the fact that one character uses a wheelchair to make acrobatic shapes and choreographies that are original and unexpected. We see the two friends play, gently pushing the boundaries of what is possible, until together they find the perfect balance of each of their limits.

Our co-production with Daryl & Co, Look Mum, No Hands! , was out for its second year and continued to wow crowds, travelling to music and street festivals, schools, libraries and to its first international booking, Spoffin in the Netherlands. Due to demand and an additional schools tour we expanded the cast to have two teams on the road, including Danielle Summers, Kat Ball, Maiya Leeke and Emma Saunders. Luckily this also made us more resilient in the face of an acute cast illness early on in the tour, where we were able to keep inclusion and support of the performers at the heart of the production, while navigating injuries and complex health issues.

“Loved seeing you guys [at Milton Keynes]. A great show! Thank you”

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Lifted:

Mimbre’s outdoor production Lifted is a collection of funny, poetic and surprising moments, which explore in different ways what it means when one body is carried by another. Or when one person carries two people. Or when a person doesn’t want to be carried. Or when three people find the perfect balance.

Created in collaboration with three guest choreographers, Yi-Chun Liu, HURyCAN and Gary Clarke, this captivating performance experiments with new approaches to Mimbre’s trademark acrobatics. Lifted mixes dance, theatre and circus to celebrate the expressions and impressions that appear when three strong women move, lift and balance each other.

Lifted was back out in summer 2023 for its fourth full year of touring. This year we welcomed two new cast members: Martha Harrison who is a long term Mimbre collaborator and one of our Associate Performers, and Helga Ehrenbusch, an Estonian Circus Artist, studying at the National Centre for Circus Arts in London. The team worked particularly well together acrobatically and we were able to include some outstanding new tricks in the show, refreshing it for a new year and new gigs.

“Fantastic & inspiring performance by Lifted acrobats @_ArtReach #journeysfestival2023 in Leicester this weekend. Toddler spent the rest of the day climbing EVERYTHING”

The team also spent a day filming on the South Bank in London, and you can see some of the fantastic images from that here.

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MIMBRE LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

Weight(less):

Experience the uplifting journey of Weight(less), where the resilience of three women shines through amidst life’s challenges. With a blend of acrobatics, movement and humour, this heart-warming performance dismantles big problems into moments of laughter, celebrating hope and support to leave you with a smile, unforgettable imagery and a spring in your step.

While Weight(less) doesn’t offer solutions, the three acrobats provide reflections on the world we live in and the emotions we experience, inviting audiences of all ages and backgrounds to laugh, cry, and dream together. Join us for this joyful escape from the chaos of everyday life, celebrating the courage it takes to keep on going when times are tough.

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

In summer 2023 we started working on our new outdoor touring production, Weight(less) , through a research residency at Deda in Derby, followed by two research periods in London during the winter focused on design and narrative development. Weight(less) went into full rehearsal in March 2024 and premiered in May 2024.

The full Weight(less) team are:

Directed by Lina Johansson Composed by Odinn Orn Hilmarsson Production Designer by Loren Elstein Devised and performed by Silvia Fratelli, Anesta Mathurin, Martha Harrison Dramaturgy Support from Alison Halstead

Additional Research from Helga Ehrenbusch Produced by Lissy Lovett Marketing by Brilla Sesay

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Full 2023 tour dates

Commissions, consultancy and collaborations

Mimbre were involved with several exciting cross-artform projects over the year.

Look Mum, Let’s Talk About Disability

Funded by The Space, Daryl & Co created a series of short films in collaboration with Mimbre and the artists from Look Mum, No Hands!

The six short films respond to common questions around disability asked by young people and raise awareness of the social model of disability in a playful and fun way. Aimed at young audiences but accessible to everyone. The concept came from our experiences of working with young people, fielding the many honest questions they are curious to ask about what it means to be disabled and a wheelchair user. It was a great opportunity for us to have the space to answer young people's questions in meaningful and creative ways.

The films were very successful with more than 125,000 views by the end of the year.

“I've always struggled to verbalise how it feels to be asked 'what's wrong with you?' Then I saw this short film from @darylandco and @mimbreacrobats, who have portrayed it brilliantly”

You can watch all six films here: https://www.darylandco.com/on-demand/look-mum-lets-talk-about-disability

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Malory Towers

The Lifted team - Silvia Fratelli, Martha Harrison, Helga Ehrenbusch - as well as circus performers Bibi and Bichu, Lucia Tong and Fraser Hooper, with Mimbre Joint Artistic Director Lina Johansson as circus choreographer, spent time in Devon filming for Series 5 of Malory Towers (a King Bert and BBC children’s programme adapted from Enid Blyton’s books). We also arranged for performers from a local community circus, Cirque Du Ciel (now Cirk Hes), to join the shoot as background artists.

You can watch the episode on iPlayer here:

https://www.bbc.co.uk/iplayer/episode/m0020ck0/malory-towers-series-5-3-the-circus

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Image still from Malory Towers, series 5 episode 3

Flite

Lina Johansson worked as Movement Coordinator on Framestore’s short film Flite in 2022 alongside Mimbre performers Freya Stokka and Jaide Annalise.

Flite premiered in May 2023 and went on to win prizes at several festivals, including the Soho London Independent Film

Festival, HollyShorts Film Festival and Ignite Film Festival. Flite attracted a lot of attention for its realistic animation and

impressive visual effects, adapting innovative production techniques initially developed for the feature film Gravity . Flite is available to watch on Framestore's YouTube Channel https://youtu.be/b92BC0dDbw0

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The Still Life of a Peach

Lina Johansson worked as Movement Director on an experimental short film made by Oscar-winner designer Shona Heath, which also included Mimbre performers Alison Halstead, Danielle Summers and Helga Ehrenbusch. Mimbre’s previous employee Zsófi Szendrei was also in the studio working as part of the production team. The Still Life of a Peach has already been featured as a photo essay in renowned Luncheon magazine and will be released as a short film in due course in 2024.

The Still Life of a Peach

Additionally:

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Mimbre Youth Programme

Mimbre Youth is a programme for young people in Hackney to learn acrobatics, streetdance, circus and performance skills. Suitable for all levels, with a chance to learn new or improve existing acrobatics skills: rolls, cartwheels, handstands, flips, as well as new dance moves and choreographies. In addition to weekly classes we regularly do group outings to see inspiring professional shows and performance projects where the young people can make their own choreographies and perform publicly!

Throughout the year we ran three terms: summer 2023, autumn 2023 and spring 2024. The classes were incredibly successful with 45 regular participants each term and over 1,100 attendances overall.

Each term we gathered feedback. Here are some highlights:

Summer 2024: “Aside from improving her physical strength and promoting the natural flexibility she has always had, my child has really benefitted from the process of setting personal goals and observing the techniques required to achieve them. She

has really learned the importance of practising techniques to achieve goals and has been trying to apply this to other areas of life where she has set targets. Mimbre has helped promote her physical health but also is teaching valuable life lessons!!”

In autumn term 2023:

Spring term 2024: "She is quite shy in public settings, but I feel this class is helping her grow in confidence Thank you!"

In early April 2023, four of Mimbre’s young people attended the National Youth Circus Event and one young person also attended a CircUnity day at the National Centre following on from the Black History Month project NCCA ran in November 2022.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

In June 2023, Lina Johansson ran a workshop and play-centred consultation with the young people at SWAPA (Shakespeare Walk Adventure Playground) about their new play-fence design. Following this we were also able to give SWAPA some of our old props and set items from 2018’s The Exploded Circus , to be repurposed and used within the playground.

In winter 2023/24 we ran a crowdfunding campaign for Mimbre Youth, raising £1,710 plus Gift Aid across our different platforms. As well as bringing in income so that we can keep offering bursary and concession places, we also found that the crowdfunding campaign helped to raise the profile for our youth programme, bringing in new partnerships and more long-term supporters.

In January 2024, 50 people (young people and their families) were able to attend Cirque du Soleil’s Alegria at the Royal Albert Hall with free tickets given by the company. Several parents said what a fantastic opportunity it was: “a once in a lifetime opportunity for our family to go and see a show like that.”

And finally a new youth assistant, Álvaro Grande, has joined Lina Johansson, Silvia Fratelli and long term streetdance teacher Natasha Khamjani in the team.

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

OBJECTIVES AND ACTIVITIES Artist and Sector Development

Acrolab

In March 2024 we ran another Acrolab at 101 Outdoor Arts - this was a chance for 17 female and non-binary acrobatic performers to come together and train at a higher level. Feedback included: “I’m struggling with doing acro in spaces with men and really notice the difference in this space. Very grateful for this”

Other artist support

Mimbre continued to prioritise the wellbeing of performers throughout all our work, and carried out the following activities as part of our Artist Development programme:

And throughout the year, Mimbre’s performer teams, especially for Lifted and Weight(less) continued to train regularly together, maintaining and improving their skills over more than 70 individual sessions.

Sector support

Along with fellow circus and outdoor companies Upswing, Tangled Feet and Revel Pucks we ran a Safer Spaces training day in March 2024 for our employee and freelancer teams. This was a fantastic opportunity to learn some ways of approaching issues around harassment and abuse in the industry and work together to move towards solving them.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Lissy Lovett did a short talk on Mimbre’s approach to the menopause as part of ITC and Equity’s joint launch of Equity’s new menopause resource - https://www.equity.org.uk/advice-andsupport/know-your-rights/creating-a-menopause-friendly-workplaceemployers-resource -

and also took part in a podcast that can be heard here - https://theindependenttheatrepodcast.buzzsprout.com/.

Silvia Fratelli attended Fresh 23 in Paris, an international three-day event for the development of contemporary circus and outdoor arts. The event was attended by around 400 people from across Europe and the world discussing, networking and attending talks, lectures and performances around the topics of care, safety and sustainability.

Lina Johansson gave a lecture to the 3rd year BA Hons Degree students at National Centre for Circus Arts on the subject of reflecting your values in creation.

The team also informally mentored several circus creators, gave talks and interacted with many other colleagues, fellow companies and industry bodies, including National Centre for Circus Arts, Circus Change Up, 101 Outdoor Arts, ITC, the Artist-led Network, Without Walls and Participatory Arts London.

Organisational

Mimbre is proud to be a fair pay employer, pays its performers rates in line with those of the Independent Theatre Council / Equity agreement and is a member of the Living Wage Foundation. Mimbre is female-led and offers flexible working arrangements to retain talent. It considers developing strong female leaders to be part of its mission.

Mimbre is led day-to-day by Joint Artistic Directors Silvia Fratelli and Lina Johansson, with Executive Director Lissy Lovett. During the year the company said goodbye to Marketing and Project Manager Zsófi Szendrei and Fundraising Manager Anna Strickland, but welcomed Communications and Administration Officer Brilla Sesay to the team. Helga Ehrenbusch was employed by the company on a Creative Worker visa.

Mimbre takes the welfare of its performers very seriously and as well as the activities mentioned above under artist and sector support, physiotherapy treatment is arranged before any long rehearsal period or tour for all performers. Core performers are paid for group training sessions. Key freelancers are also paid to attend training sessions and any meetings.

Environmental Responsibility

In summer 2023, Mimbre were asked to vacate our long-term storage in north London due to redevelopment plans. For a long time we have prided ourselves on reusing and upcycling our old sets, but this meant we had a whole shipping container with over 15 years of old sets, props and costumes. We decided it would make more sense both financially and environmentally if we slimmed down our own storage and offered up some of our resources to be used more immediately by other theatre or circus companies. We are proud to say that the majority of items in our shipping container were distributed to other producing companies and artists, with the last few set pieces incorporated into local adventure playgrounds, being given new life and joy by young people in our borough!

In early 2024 we also offset the carbon footprint for our 2023 Lifted tour through the Gold Standard platform. While we appreciate offsetting is not a perfect solution, we still see it as a step on the way towards greener touring.

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

FINANCIAL REVIEW

Financial position

In 2023/24 Mimbre's income was £212,431 (2022/2023: £240,571) and expenditure £239,026 (2022/2023: £256,231), giving rise to a planned deficit of £26,595.

Income

Arts Council England

Mimbre is proud to be a National Portfolio Organisation and will remain so until March 2027. Mimbre’s funding from Arts Council England this year was £128,087 (2022/2023: £128,087).

Trusts and foundations

Mimbre received £1,000 from the Golsoncott Foundation towards our production of Weight(less). We also received £500 from the Wilmcote Charitrust, £222 from the Rank Foundation, £1,000 from the Chapman Charitable Trust, £529 from Ford Britain Trust and £1,000 from Tesco Stronger Starts for the youth programme The Rank Foundation and Ford Britain Trust grants were specifically for equipment.

Earned income

Mimbre’s earned income during this period was £78,541 (2022/2023: £88,614). This income comes from fees for shows, services, commissions and youth fees from those parents that can afford it.

Donations

Mimbre received £2,722 in donations (2022/2023: £2,832).

This includes a youth programme fundraising campaign in December 2023 which raised £1,710.

Expenditure

Mimbre's overall expenditure during 2023/2024 was £239,026 (2022/2023: £256,231). This amount includes the salaries of permanent members of staff and the company’s overheads. The remainder of the company’s expenditure was spent on Mimbre’s projects, including production and touring work and the Youth Programme.

Reserves policy

The total reserves of the company at the close of 2023/2024 are £72,267 (2022/2023 £98,862). This includes an operational reserve of £35,000 and £37,267 of additional unrestricted reserves.

Trustees

Mimbre advertises for new Trustees on a regular basis. Applicants which meet the requirements of the organisation are invited to a Board meeting as observers and then if mutually agreed are inducted into the organisation and officially join the Board.

Alice Wordsworth joined the board in May 2023, Ifunanya Ifeacho and Irene Butera joined in March 2024, Antonia Byatt joined in June 2024. Karen Petersen stood down from the board in July 2023 and Aramide Ogunlana stood down in September 2024.

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Mimbre is a company limited by guarantee (company number 655042) and a registered charity (number 1153310). It is governed by a Memorandum and Articles of Association updated on 3rd June 2013. Mimbre gained charitable status in July of the 2013/14 year.

Charitable Objectives

Mimbre's charitable objective is the advancement of the arts for the public benefit by promotion in particular, but not exclusively, of the art of drama.

Management

The Board of Trustees governs the charity, meeting at least four times a year. The trustees delegate daily management of the Company to a management team, currently consisting of two Artistic Directors, Silvia Fratelli and Lina Johansson, and one Executive Director, Lissy Lovett. The company maintains an office at Unit 4, The Energy Centre, Bowling Green Road, London, N1 6AL.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 06550042 (England and Wales)

Registered Charity number 1153310

Registered office

Unit 4, Energy Centre Bowling Green Walk London N1 6AL

Trustees

R M Munshi A Ogunlana (resigned 18.09.2024) K Petersen (resigned 20.7.2023) J Robertson J M Sims A Wordsworth (appointed 3.5.2023) I Butera (appointed 14.03.2024) I Ifeacho (appointed 14.03.2024) H Byatt (appointed 19.06.2024)

Company Secretary

M J Lovett

Independent Examiner

Galloways Accounting Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

10 / 29 / 2024

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ J M Sims - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MIMBRE LIMITED

Independent examiner's report to the trustees of Mimbre Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Colin Young BA FCA

Galloways Accounting Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE

Date: .............................................

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MIMBRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
600
Charitable activities
4
Advancement of the arts
197,259
Investment income
3
87
Other income
5
(1,257)
Total
196,689
EXPENDITURE ON
Charitable activities
6
Advancement of the arts
219,259
NET INCOME/(EXPENDITURE)
(22,570)
RECONCILIATION OF FUNDS
Total funds brought forward
94,837
TOTAL FUNDS CARRIED FORWARD
72,267		 Restricted
funds
£
2,122
13,620
-
-
15,742
19,767
(4,025)
4,025
-		 2024
Total
funds
as
£
2,722
210,879
87
(1,257)
212,431
239,026
(26,595)
98,862
72,267		 2023
Total
funds
restated
£
2,832
230,601
-
7,138
240,571
256,231
(15,660)
114,522
98,862

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MIMBRE LIMITED

BALANCE SHEET 31 MARCH 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible assets 13 1,655 - 1,655 1,371
CURRENT ASSETS
Debtors 14 10,414 - 10,414 12,632
Cash at bank and in hand **70,501 ** - **70,501 ** 92,941
80,915 - 80,915 105,573
CREDITORS
Amounts falling due within one year Amounts falling due within one year
15		 (10,303) - (10,303) (8,082)
NET CURRENT ASSETS 70,612 - 70,612 97,491
TOTAL ASSETS LESS CURRENT LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES 72,267 - 72,267 98,862
NET ASSETS **72,267 ** - **72,267 ** 98,862
FUNDS 17
Unrestricted funds 72,267 94,837
Restricted funds - 4,025
TOTAL FUNDS **72,267 ** 98,862

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 10 / 29 / 2024

............................................. J M Sims - Trustee

............................................. A Wordsworth - Trustee

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Mimbre Limited is a limited-by-guarantee company incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.The address of the registered office is given in the Trustees' Report of these financial statements.

The financial statements are presented in sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then the income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable they will be fulfilled.

No amount is included in the financial statements for volunteer time.

Monies received for performances at venues are recognised in the Statement of Financial Activities at the date of the show. Monies received from furthering the art of drama through providing workshops are recognised on the date that the service is provided.

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance related conditions have been met, it is probable that the income will be received.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% straight line Motor vehicles - 25% straight line Computer equipment - 25% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Fund accounting

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. INVESTMENT INCOME

Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Earned income from projects Advancement of the arts
Grants
Advancement of the arts
Grants received, included in the above, are as follows:
Arts Council England – NPO
The Golsoncott Foundation
National Lottery Community Fund
The Charles S French Charitable Trust
The Edgar E Lawley Foundation
Wilmcote Charitrust
The Rank Foundation Pebbles Grant
Chapman Charitable Trust
Ford Britain Trust
Tesco Stronger Starts		 2024
2023
as restated
£
£
87
-
2024
2023
as restated
£
£
78,541
88,614
132,338
141,987
210,879
230,601
2024
2023
as restated
£
£
128,087
128,087
1,000
-
-
9,900
-
2,500
-
1,500
500
-
222
-
1,000
-
529
-
1,000
-
132,338
141,987

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

5. OTHER INCOME

OTHER INCOME
2024 2023
as restated
£ £
Theatre tax relief (1,317) 6,587
Other income 60 551
(1,257) 7,138

During the year, theatre tax relief totalled (£1,317) due to the over provision in the prior year.

6. CHARITABLE ACTIVITIES COSTS

Advancement of the arts Direct
Costs
£
234,927		 Support
costs (see
note 7)
£
4,099		 Totals
£
239,026

7. SUPPORT COSTS

Advancement of the arts

Governance costs £ 4,099

Included within governance costs is accountancy fees totalling £1,550 (2023: £1,385) and independent examination fees totalling £1,550 (2023: £1,485).

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
as restated
£ £
Depreciation - owned assets 434 29
Deficit on disposal of fixed assets 375 -

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

During the year, £348 (2023: £Nil) of expenses were incurred that were reimbursed to two trustees.

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employees
No employees received emoluments in excess of £60,000.
11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
165
Charitable activities
Advancement of the arts
209,554
Other income
7,138
Total
216,857
EXPENDITURE ON
Charitable activities
Advancement of the arts
217,137
NET INCOME/(EXPENDITURE)
(280)
Transfers between funds
(3,374)
Net movement in funds
(3,654)
RECONCILIATION OF FUNDS
Total funds brought forward
98,491
TOTAL FUNDS CARRIED FORWARD
94,837		 2024
2023
as restated
£
£
150,477
145,295
8,627
9,069
4,183
4,300
163,287
158,664
2024
2023
as restated
7
6
Restricted
Total
funds
funds
as restated
£
£
2,667
2,832
21,047
230,601
-
7,138
23,714
240,571
39,094
256,231
(15,380)
(15,660)
3,374
-
(12,006)
(15,660)
16,031
114,522
4,025
98,862

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

12. PRIOR YEAR ADJUSTMENT

The prior year restatement reflects an incorrect disposal of a fixed asset at nil value. This has been reintroduced at a nil written down value in the previous year.

This restatement has no impact on the statement of financial activity or balance sheet.

13. TANGIBLE FIXED ASSETS

Plant and
machinery
£
COST
At 1 April 2023
10,287
Additions
185
Disposals
-
At 31 March 2024
10,472
DEPRECIATION
At 1 April 2023
10,287
Charge for year
4
Eliminated on disposal
-
At 31 March 2024
10,291
NET BOOK VALUE
At 31 March 2024
181
At 31 March 2023
-
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
VAT
Prepayments and accrued income
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses		 Motor
Computer
vehicles
equipment
Totals
£
£
£
1,976
1,400
13,663
-
908
1,093
-
(450)
(450)
1,976
1,858
14,306
1,976
29
12,292
-
430
434
-
(75)
(75)
1,976
384
12,651
-
1,474
1,655
-
1,371
1,371
2024
2023
as restated
£
£
5,944
1,546
1,271
7,908
204
2,058
2,995
1,120
10,414
12,632
2024
2023
as restated
£
£
1,825
879
3,286
3,331
877
902
4,315
2,970
10,303
8,082

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
17.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Youth Programme
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Youth Programme
Weight & Lightness
TOTAL FUNDS		 At 1.4.23
£
94,837
4,025
98,862
Incoming
resources
£
196,689
14,742
1,000
15,742
**212,431 **		 2024
2023
as restated
£
£
1,599
1,851
Net
movement
At
in funds
31.3.24
£
£
(22,570)
72,267
(4,025)
-
(26,595)
72,267
Resources
Movement
expended
in funds
£
£
(219,259)
(22,570)
(18,767)
(4,025)
(1,000)
-
(19,767)
(4,025)
(239,026)
**(26,595) **

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Youth Programme
Look Mum No Hands
TOTAL FUNDS		 At 1.4.22
£
98,491
-
16,031
16,031
114,522		 Net
movement
in funds
£
(280)
4,025
(19,405)
(15,380)
(15,660)		 Transfers
between
funds
£
(3,374)
-
3,374
3,374
-		 At
31.3.23
£
94,837
4,025
-
4,025
98,862

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Youth Programme
Look Mum No Hands
TOTAL FUNDS		 Incoming
resources
£
216,857
23,714
-
23,714
240,571		 Resources
Movement
expended
in funds
£
£
(217,137)
(280)
(19,689)
4,025
(19,405)
(19,405)
(39,094)
(15,380)
(256,231)
(15,660)

Youth Programme - monies given for a youth programme which was run in a housing estate in Hackney.

Look Mum No Hands - income from Trusts and Foundations towards a co-production with Daryl & Co, Look Mum, No Hands!

Weight & Lightness - income from Trusts and Foundations towards a production Weight(less).

18. RELATED PARTY DISCLOSURES

Donations from trustees were made during the year totalling £69 (2023: Nil).

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MIMBRE LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Investment income
Deposit account interest
Charitable activities
Earned income from projects
Grants
Other income
Theatre tax relief
Other income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Premises
Insurance
Office costs
Sundries
Staffing costs
Equipment
Travel costs
Production and performance
Teachers
Space hire
Promotion and advertising
Documentation
Freelance fees
Youth
Training
Exchange gain/loss
Other core costs
Plant and machinery depreciation
Computer equipment
Loss on sale of tangible fixed assets
Bank charges		 2024
2023
as restated
£
£
2,722
2,832
87
-
78,541
88,614
132,338
141,987
210,879
230,601
(1,317)
6,587
60
551
(1,257)
7,138
212,431
240,571
150,477
145,295
8,627
9,069
4,183
4,300
4,327
5,602
2,005
1,781
1,424
1,232
40
157
4,067
3,952
3,428
5,348
19,206
18,463
19,371
37,629
4,110
3,111
5,139
5,008
796
690
650
1,025
1,562
3,106
885
310
3,053
50
429
(340)
183
3,985
4
-
430
29
375
-
156
197
234,927
249,999

This page does not form part of the statutory financial statements

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MIMBRE LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Governance costs
Bookkeeping
Accountancy and legal fees
Total resources expended
Net expenditure		 2024
2023
as restated
£
£
595
481
3,504
5,751
4,099
6,232
239,026
256,231
(26,595)
(15,660)

This page does not form part of the statutory financial statements

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Mimbre Limited - Charity Accounts 2024 Mimbre Limited - ...Accounts 2024.pdf 753e37e437e72d7aa4d6bc10c7dfb8ef356b8df5 MM / DD / YYYY a Signed

10 / 29 / 2024 Sent for signature to Jessica Mai Sims (j.sims@ucl.ac.uk) 11:45:33 UTC and Alice Wordsworth (alice.wordsworth@hotmail.co.uk) from info@mimbre.co.uk IP: 162.125.63.32 10 / 29 / 2024 Viewed by Jessica Mai Sims (j.sims@ucl.ac.uk) 15:45:21 UTC IP: 51.191.54.88 10 / 29 / 2024 Signed by Jessica Mai Sims (j.sims@ucl.ac.uk) 15:48:00 UTC IP: 51.191.54.88 11 / 01 / 2024 Viewed by Alice Wordsworth (alice.wordsworth@hotmail.co.uk) 18:15:48 UTC IP: 82.7.79.141 11 / 01 / 2024 Signed by Alice Wordsworth (alice.wordsworth@hotmail.co.uk) 18:16:28 UTC IP: 82.7.79.141 11 / 01 / 2024 The document has been completed. 18:16:28 UTC